Asian shares mostly fell on Monday as pressure in bond markets mounted, while oil prices also slipped. Japan’s Nikkei 225 declined 0.5% and South Korea’s Kospi dropped 3.5%, while Hong Kong’s Hang Seng fell 2.1% and Shanghai’s Composite index lost 0.7%. Australia’s S&P/ASX 200 rose 0.5% against the regional trend, and Taiwan’s Taiex fell 0.5%. U.S. futures edged lower as markets looked ahead to this week’s Jackson Hole gathering of global central bankers.

U.S. stocks fell on Thursday, with the S&P 500 down 0.3% and on pace for a fourth loss in five sessions since last week’s record high. The Dow Jones Industrial Average dropped 344 points, or 0.6%, while the Nasdaq composite slid 0.8%. Bond-market pressure built again as oil prices rose, and Walmart’s decline after its latest profit report weighed on the broader market.

Home Depot reported quarterly revenue of $47.86 billion, above the market expectation of $47.24 billion. Global comparable sales increased 1.7%, while U.S. comparable sales rose 1.3%. The company kept its full-year outlook unchanged even as demand for smaller projects supported sales amid a still-weak housing market.

U.S. nonfarm payrolls unexpectedly fell by 23,000 in April, a sign the labor market is cooling and easing inflation pressure, which has tempered expectations for further Fed rate hikes. U.S. stocks were mostly higher in early Friday trading, with the S&P 500 up 0.4% and the Nasdaq up 1.1%, while the Dow slipped 0.1%. The 10-year Treasury yield fell to 4.60%. Brent crude edged lower.

Brent crude surged 7.1% to $100.74 a barrel, its highest since May, as intensified fighting in the Middle East stoked fears of supply disruptions. U.S. stocks fell in tandem, with the S&P 500 down 1.3%, the Dow off 1% and the Nasdaq sliding 2.2%. Tesla and Alphabet led the declines.

Nvidia disclosed a strategic investment in Dutch cloud services provider Nebius, taking a 9% stake. In premarket trading, AI hardware-linked names rallied, with SanDisk and Western Digital up more than 7% each, Marvell Technology up 6.2% and Intel up 5.7%, while Nvidia rose 1.3%. Nasdaq futures gained 1.3%. The move signals a clear capital action in AI compute infrastructure, closely tied to storage and chip hardware plays.

U.S. stocks opened higher on Monday, with the S&P 500 up 0.6%, the Dow up 190 points and the Nasdaq up 0.8%. Nvidia gained 1.6% after being the biggest drag on the S&P 500 on Friday. AMC Entertainment and Domino’s Pizza climbed after reporting better-than-expected revenue for the latest quarter. South Korea’s Kospi index fell 4.5%.

The U.S. launched military strikes on Iran for a ninth straight night, and Iran responded by hitting several U.S. allies across the Middle East, escalating the conflict. South Korea’s Kospi dropped 4.5% as investors sold AI-related stocks. European markets were mixed, with Britain’s FTSE 100 slightly lower while France and Germany edged higher. Oil prices briefly rose on supply-risk concerns before stabilizing.

Tensions between the United States and Iran escalated sharply, with Washington saying it carried out airstrikes for a ninth straight night and Iran striking several U.S. allies in the Middle East. Brent crude rose 2.6% to $90.40 a barrel, while benchmark U.S. crude gained 2.2% to $83.58 a barrel. South Korea’s Kospi slid nearly 5% amid selling pressure in AI-related shares, though the drop reflected a localized spillover in risk sentiment rather than a core driver.